The Anti-Financial Account Scamming Act

On July 20, 2024, President Marcos signed into law R.A. 12010 or the Anti-Financial Account Scamming Act (AFASA). In the Declaration of Policy, the State recognizes the vital role of banks, non-bank financial institutions, other payment service providers, and the general banking public in maintaining a stable financial system. Furthermore, with the increased use of digital financial services, there is a need to promote awareness on the proper use of Financial Accounts, and to protect the public from cybercriminals and criminal syndicates. For the purpose of this Act, “Institutions” refers to banks, non-banks, other financial institutions, payments, and financial service providers under the jurisdiction of the Bangko Sentral ng Pilipinas (BSP).

Pre-registration for the consultation on ULAS Rules is now open

ULAS Regional Consultations Pre-Registration

We are pleased to invite you to the regional consultations on the drafting of the Rules for the Unified Legal Aid Service (ULAS). Kindly express your interest in participating in the consultation to be held on May 17, 2024 at 1:00-5:00 p.m., at Ateneo Law School by filling out the form below. Please note that the event can only accommodate 175 participants. Should you be among the 175 chosen, you will receive an email confirming your participation, together with further instructions, which will be sent after the close of registration for this event.

ULAS Regional Consultation

Atty. Karl Arian A. Castillo at the Ateneo Law School discussing the proposed Rules on Unified Legal Aid Service requiring all lawyers to provide free legal aid services to qualified beneficiaries. In attendance were Chief Justice Alexander G. Gesmundo, Associate Justices of the Supreme Court, Dr. Moya Collett (Deputy Head of Mission Australian Government), lawyers, […]